ADA Surges 6.46% as On-Chain Activity and Emurgo Card Launch Drive Trading Volume to $2.4B

Cardano (ADAUSDT) has experienced a 6.46% price increase over the past 24 hours, currently trading at 0.8010 on Binance. The recent price surge is attributed to heightened on-chain activity, a significant rise in active addresses, and positive sentiment following the launch of the Emurgo Card. Additionally, Binance's introduction of Soft Staking for ADA, allowing users to earn daily rewards with no lock-up period, has contributed to increased trading interest and liquidity. The market has seen robust trading volumes, with ADA's 24-hour volume ranging from $1.58 billion to $2.42 billion and market capitalization between $28 billion and $34 billion. Traders are closely watching resistance levels near 0.81330, as continued bullish momentum could drive further gains.